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Toyota Prius Expected Price in Pakistan After Custom Duty Increase!

Toyota Prius Expected Price in Pakistan After Custom Duty Increase!

Toyota Prius Expected Price in Pakistan After Custom Duty Increase!

Toyota Prius Expected Price in Pakistan After Custom Duty Increase!

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The Pakistani government is implementing strict measures to increase revenue and has suggested increasing customs duties on imported used hybrid vehicles such as the Toyota Prius.

The government’s unpopular decision is intended to boost the local automobile industry, lower the import bill, and encourage the use of domestically produced vehicles.

By raising customs duties on imported used hybrids like the Toyota Prius, Toyota Aqua, and other models, the government aims to make locally produced vehicles more price-competitive, potentially boosting sales and production in the domestic market.

Toyota Prius Expected Price Increase 2024

VehiclePRIUS ZVW51
Model2021
Previous DutyRs3,690,000
Expected DutyRs5,500,000
Total DifferenceRs1,810,000

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The government is considering a significant increase in withholding tax for new...

This aligns with the government’s broader objectives of promoting domestic industry, reducing reliance on imports, and potentially increasing employment in the local automotive sector.

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